Great Depression Essay

1469 words - 6 pages

The Great Depression was a difficult time for all the American people. It was a time of unemployment, falling wages, and hope for recovery (“Chapter 27”). Some of the causes of the Great Depression were government policies, economic factors, and the gold standard (“Chapter 27”). Other reasons included the fall of the stock market, overseas investments, and the investments in Florida real estate (Farless). The president at the time of this difficult time was President Herbert Hoover. When the Great Depression started, Herbert Hoover took matters into his own hands. President Herbert Hoover came up with multiple recovery attempts.

Some of the recovery attempts President Herbert Hoover took were increasing credit, created the Reconstruction Finance Corporation, the Glass-Steagall Act, Federal Home Loan Act, and the Emergency and Relief Construction Act of 1932 (“Chapter 27”). The Emergency and Relief Construction Act of 1932 was to create funds for the public works programs (“Chapter 27”). The Glass-Steagall Act was to increase loan opportunities and the Reconstruction Finance Corporation was to keep financial establishments open (“Chapter 27”). Finally, the Federal Home Loan Act was to provide help for financing home mortgages (“Chapter 27”). President Herbert Hoover also believed that looking to the local government and volunteerism would be the solution for the Great Depression (Farless). Even though President Herbert Hoover attempted to beat the Great Depression, many Americans did not agree with some of the things he was creating.

Some of the protests that emerged while President Herbert Hoover was in office were the Farm Holiday Association, labor strikes, Ford River Rouge Factory, and the Veterans’ Bonus Army (Farless). The Farm Holiday Association brought together farmers. The Farm Holiday Association brought farmers together because they were to block the transportation of farming goods (Farless). Some of the farmers harassed bank agents who were sent to foreclose their homes. Another thing that the farmers in the Farm Holiday Association did was dump their farming goods (Farless). Another protest that emerged was the Veterans’ Bonus Army. “The Veterans’ Bonus Army clash in 1932 proved to be the most damaging for Hoover” (Farless). The Veterans’ Bonus Army consisted of 15,000 World War I veterans who traveled to Washington D.C. to demand their early payment of their 1945 planned bonus (Farless). President Herbert Hoover believed that they were anarchists, so he called in troops to break up the army (Farless). This incident was captured on film and it changed President Herbert Hoover’s popularity for the worst (Farless). After the decrease of President Herbert Hoover’s popularity, someone else became the public’s favorite – Franklin D. Roosevelt.

Franklin D. Roosevelt came from a wealthy family and was a distant cousin of Teddy Roosevelt (Farless). Many of the American voters...

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